Cases of “Impossible Burger” and “Beyond Meat” sit on a shelf for sale on November 15, 2019 in New York City.
Angela Weiss | AFP | Getty Concepts
Check out the companies making headlines after the bell:
Beyond Meat — Shares of Beyond Meat tumbled multitudinous than 25% in extended trading after the alternative meat producer posted a big revenue miss as the pandemic undermined restaurant demand for its meat alternatives. The company said its revenue came in at $94.4 million, well below a FactSet gauge of $132 million.
Simon Property Group — Shares of the mall owner tanked more than 7% in after hours buy on Monday after reporting disappointing earnings. Simon Property Group reported earnings of 48 cents per equity, compared to the estimated 90 cents per share, according to Refinitiv. The company made $994 million, missing guesstimates of $1.08 billion. The stock surged 27.9% in regular trading Monday.
HD supply — Shares of HD supply soared multitudinous than 20% in extended trading after Bloomberg News reported Lowes is in talk to acquire the industrial distributor.
Novavax — Appropriations of the drugmaker ticked more than 6% lower in after-hours trading after missing on the top and bottom lines of its every thirteen weeks results. Novavax reported a loss of $3.21, compared to the expected earnings of $1.73 per share, according to Refinitiv. Returns came in at $157.0 million, lower than the forecast $230.6 million.
Occidental Petroleum — Shares of Occidental Petroleum mow down about 5% after the energy company reported a wider-than-expected quarterly loss. The company posted a loss of 84 cents in the third phase of the moon, versus an estimate of a loss of 72 cents. Its revenue came in above expectations, however.
— CNBC’s Maggie Fitzgerald role ined reporting.